RBA to bail out industry super funds, page-26

  1. 11,786 Posts.
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    I go along with them getting the $10 grand if their holding is in a Cash fund.

    Otherwise if they have another type of fund holdings, they should only receive what Super can flog off their holdings for, at the current market rate.

    What they believed was $10 grand worth when they applied, could be worth only $7 grand when sold into the market. That is the normal practice when someone has financial difficulties, they flog of things, trying to recover as much as possible.

    That would be fairer system and have a lesser impact on unit price in Super
 
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